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Beginning publicity and transparency in electricity prices

Beginning publicity and transparency in electricity prices - 

Implementing periodic targets assigned by Ministry of Industry and Trade (MOIT) in the Direction No 11 dated at 22/4/2014 on strengthening publicity and transparency in electricity and gasoline businesses, the Electricity Regulatory Agency of Vietnam (ERAV) has just haven an official document to inform basic input parameters of the electricity prices in 2016, and avoided cost tariffs and electricity generation price frameworks in 2017.

The directions are include:

1. In November of 2016, the peak demand and total available capacity (excluding capacity imported from China) of Vietnam power system respectively were 26,988 MW and 30,853 MW, and the average price of electricity that EVN purchased was 1237.02 VND/kWh.

2. According to the Decision No 5106, the avoided cost tariffs in 2017 applied for the grid connected small hydropower plants meeting the regulations of Circulars No 32/2014/TT-BCT and 06/2016/TT-BCT on the orders of building, applying avoided costs and issuing sample power purchase agreement (PPA) for the small power plants, take effect from 01/01/2017 to 31/12/2017 with changing by the seasons as for dry season:

  1. In Northern Vietnam: electricity price in peak hours – 608 dong/kWh and in off-peak hours – 613 dong/kWh

  2. In Central Vietnam: electricity price in peak hours – 606 dong/kWh and in off-peak hours – 611 dong/kWh

  3. In Southern Vietnam: electricity price in peak hours – 637 dong/kWh and in off-peak hours – 642 dong/kWh

And for rainy season:

  1. In Northern Vietnam: electricity price in peak hours – 608 dong/kWh and in off-peak hours – 623 dong/kWh

  2. In Central Vietnam: electricity price in peak hours – 605 dong/kWh and in off-peak hours – 620 dong/kWh

  3. In Southern Vietnam: electricity price in peak hours – 636 dong/kWh and in off-peak hours – 652 dong/kWh

The capacity price for the three regions is 2242 dong/kW

3. In accordance with Decision No 5107, the electricity generation price frameworks in 2017 are the ceiling level prices of electricity from coal-fired thermal power plants (TPPs) as 1568.70 dong/kWh and from hydropower plants as 1070 dong/kWh.

The electricity generation price frameworks in 2017 are applied for negotiation of electricity prices in PPA. Based on The electricity generation price frameworks of coal-fired TPPs, EVN and generation units negotiate actual electricity purchase prices in accordance with the current laws on the methods of electricity generation price and management of investment and construction costs issued by the competent agencies.

VietnamEnergy.vn

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